Two enterprises shall be considered as associated enterprises if at anytime during the previous year, following condition is satistied —
CS Executive · Tax Laws and Practice · PYQS · December 2014
Two enterprises shall be considered as associated enterprises if at anytime during the previous year, following condition is satistied —
Answer & Explanation:
Correct Answer: Option (B)
Correct answer: (B) Advancing of loan which is atleast 51% of the book value of the assets of the borrower enterprise. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.
Topics: International Taxation
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